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Chambers and Partners has released its 2018 Global guide to the world's leading law firms and Maples and Calder has secured top spots for nine practice groups across six locations. The firm continues to achieve high rankings in both the individual lawyer and practice group categories, with 65 individual lawyer rankings in this edition.

The Supreme Court recently unanimously upheld a Court of Appeal decision on the six year limitation period for claims in negligence for property damage. The case represents an important development of the applicable principles in this frequently contested area of construction disputes.

In this article Caroline Moran and Nick Herrod, who acted for the successful scheme of companies, discuss the Ocean Rig restructuring of US$3.7 billion in New York law governed debt, the largest ever Cayman Islands restructuring.

This article first appeared in the December 2017 Corporate Rescue and Insolvency Journal.

Consolidated and amended insolvency and restructuring rules and regulations come into force in the Cayman Islands on 1 February 2018 (the "Amended Rules"). The Amended Rules do not represent a comprehensive overhaul of the rules and regulations but they do make a number of significant changes to the procedural aspects of Cayman Islands domestic and cross-border insolvency and restructuring legislation. These changes largely reflect and codify existing practice.

Robin McDonnell, Saranna Enraght-Moony and Karole Cuddihy provide an analysis of current economic conditions and insolvency case developments in the Ireland. Their contribution formed part of the fifth edition of The International Insolvency Review which covered 26 jurisdictions.

This article first appeared in The International Insolvency Review published by Law Business Research in October 2017.